TIES Loan app: App download, Signup, Login, how to apply, Interest Rates, loan ussd code, customer care

In a time where unemployment rates are soaring, the need for self-employment among Nigerian youth has never been more apparent. Enter the Tertiary Institutions Entrepreneurship Scheme (TIES), a groundbreaking initiative introduced by the Central Bank of Nigeria (CBN) in 2021. Tailored to provide financial support to both graduates and undergraduates, the TIES loan aims to empower the younger generation to pursue entrepreneurship and contribute to job creation and economic development.

Applying for the TIES Loan:

To kickstart your entrepreneurial journey with the TIES loan, follow these simple steps:

1. Visit the official TIES website: cbnties.com.ng
2. Click on “Apply Now” to access the application form

3. Complete the registration form with accurate details, validate your request, and submit it. Await a prompt response from the TIES team.

Eligibility Criteria:

The TIES loan is specifically designed for Nigerian graduates and undergraduates holding university or polytechnic degrees. Priority is given to innovative entrepreneurial ventures that demonstrate potential for export, job creation, and transformative impact.

Qualified Business Categories:

TIES supports a range of business activities, including but not limited to:

1. Agribusiness – covering harvesting, processing, storage, and logistics
2. Information technology – software/application development, data management, robotics, and business process outsourcing
3. Creative industry – encompassing entertainment, publishing, artwork, culinary/event management, photography, fashion, and beauty/cosmetics
4. Science and technology – spanning medical innovation, ticketing systems, robotics, renewable energy, and waste management

Essential Documents for Application:

To apply for the TIES loan, ensure you have the following documents ready:

1. First-degree certificate (BSc or HND or equivalent)
2. National Youth Service Certificate (NYSC) discharge or exemption certificate
3. Certificate of Participation in entrepreneurship training from your educational institution
4. Statement of Income, Statement of Affairs, and cash flow projections for startups or businesses with up to 3 years of operation
5. Business plan detailing project specifics, financials, and economic advantages

Loan Amounts and Terms:

Depending on your business level, TIES offers the following loan limits:

1. Tier 1 (Individual projects): Up to N5 million with a 5-year tenor
2. Tier 2 (Partnership/Company projects with up to 5 partners): Up to N25 million with a 5-year tenor

Interest Rates:

Take advantage of the current 5% interest rate until February 2023, after which it will increase to 9%. Act now to secure favorable terms for your TIES loan.

Contact TIES:

Have questions or need assistance? Reach out to TIES through their contact page: cbnties.com.ng/contact

Conclusion:

The TIES loan presents a unique opportunity for Nigerian graduates and undergraduates to realize their entrepreneurial dreams. This scheme not only provides financial support but also encourages a shift towards entrepreneurship for the greater good of job creation. If you meet the eligibility criteria, take the first step towards securing your TIES loan today and contribute to the economic development of Nigeria.